Mises Daily Wednesday by Peter Wong:
Oil prices have fallen largely due to economic and political realities in China and the US. The resulting correction is a good thing, and, in spite of what many panicky central bankers think, falling oil prices are a good thing.
The Fed's FOMC has affirmed that it may raise interest rates as some point in the future if conditions warrant such a change.
“So let us not talk falsely now, the hour is getting late.” (Bob Dylan, All Along the Watchtower, 1967)
Here’s a back-of-the-envelope calculation on how much the mandate to require ethanol in motor fuel costs consumers, and benefits farmers.
The Loyola economics club hosted a debate between economics professor Walter Block and law professor Bill Quigley on the minimum wage. The debate was held on 2/24/15.
The weak dollar was a subsidy for the oil industry, but as Hazlitt noted, they make “the industries in which we are comparatively inefficient larger, and the industries in which we are comparatively efficient smaller.”
There are many risks to the dollar out there, but a more valuable euro isn't one of them.
John Denson's A Century of War has appeared in German translation and has sold 4,000 copies.
The BBC reports the government of Iceland has announced it is no longer seeking EU membership for the North Atlantic state.
